Finance Committee Decisions in Brief
For immediate release: May 6, 2016 - 4:35 pm
MR16-164
From the May 2, 2016 Meeting
7.1.2 Quarterly Report – Builder and Developer Lot Supply – April 1, 2016
Decision
*The report was received as information.
Background
*Land developers in Saskatoon have 840 residential lots in inventory, and there is a builder inventory of 1,037 residential lots.
*Land developers in Saskatoon are projected to service 539 single-family lots in 2016, dependent on inventory levels and absorption rates.
*Land developers and builders have approximately 133 acres of multi-family land in inventory, which can potentially accommodate approximately 2,985 dwelling units. *There is a healthy supply of vacant industrial land held by recent industrial land purchasers and Saskatoon Land.